By July 2018, Canada legalizes recreation of marijuana just after the government introduced legislation on Thursday. After considering the marijuana medical benefits government took this step. With this, regulating the production of the drug is still not clear, but it has left the details about the selling of drugs in the provinces.
In some of the U.S. states, including Colorado and Washington, etc., marijuana is legalized, but Canada surely is the first Group of Seven country to do so nationally.
Canada’s Legalization of Marijuana – More than Marijuana Medical Benefits
In 2105, the ruling Liberal party made legalization as an important part of its election campaign. Well, Prime Minister Justin Trudeau stated that he would like to keep marijuana out of the hands of people falling underage and reduce drug-related crime. In many countries, it is legalizing due to marijuana for medical use are quite many. So, Canada has also taken various steps to promote its medical use and make it handy for patients to get it in the country.
Bill Blair, who is a former police chief says, “Criminal prohibition has failed to protect our kids and communities and we need a new approach.” The government even cleared that it will provide clear details on a tax system and new licensing fee in the coming months. Blair said Ottawa was in discussion with provinces and producers in order to ensure that sale price will be appropriate.
When it comes to provinces, they will be responsible for taking the charge as well as approving retail sales of cannabis. Due to the rise of illegal dispensaries, authorities have been battling a lot, especially in British Columbia and Ontario. And, it has been more than a year when all this has been happening.
Important Aspects about Buying Marijuana for Medical Use in Canada
If regulated retail frame works is introduce by jurisdictions, Canadians would be able to purchase marijuana online. The minimum age limit would be 18; despite this, the provinces would be able to raise the bar.
The cannabis, which is been grown by a federally licensed producer will be out there for sale. No doubt, Canadians could grow up to four plants at home. According to legislation, when you talk about packaging while making no appeal to youth, this includes endorsements or use of cannabis problems. In addition to this, late last year an official panel that the government is need of plain packaging.
How Legalizing of Marijuana in Canada is affecting the Stock Market
Although marijuana for medical use has been the reason behind making it legal in Canada, things are still a little complicated. The consulting firm Deloitte made an estimated that the annual sales of recreational marijuana could be more than C$8.7 billion ($6.5 billion).
Following the announcement, shares of marijuana producers are going lower.